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Three-Floor School Building
For Sale
$4,399,000

4021 Thomas Avenue N, Minneapolis, MN 55412

Commercial Sale, Minneapolis, MN

Property SizeContact for details
Lot Size1.81 Acres
Days on Market191

Property Features for 4021 Thomas Avenue N

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Residential-Multi-Family
Parking features Parking Lot, Assigned, Driveway
Exterior features Stucco
Accessibility Accessible Approach with Ramp, Accessible Elevator Installed
Subdivision R 24 W
High school district Minneapolis
Directions Highway #100 , Southeast on Brooklyn Blvd (Turns into Osseo Rd.), Right (West) on 45th. Ave. N., South on N. Sheridan Ave., Right (West) one block to Thomas, Right (South) to property.
Standard status Active
APN 0502924130012
Lot size 1.81 Acres

Taxes and HOA fees

Tax Year 2025

Utilities

Heating system Steam

Amenities

Commercial Kitchen
Gymnasium
social/Dining Hall

Building Details

Year built 1950
Listing Agency: Keller Williams Select Realty · Keller Williams Realty
Listed By: Leslie J. Racine
Added: Feb 17 Changed: Aug 27 Last Checked: Aug 27 at 9:06PM
MLS# 7022923

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This three-story specialty school property contains 28 offices and 34 classrooms, along with a commercial kitchen, gymnasium, dining hall, and elevator. The building is air-conditioned, heated by steam, and finished with a stucco exterior. Accessibility features include an approach ramp and an installed elevator. The property also includes a parking lot, assigned parking, and a driveway, although on-site parking is limited.

Built in 1950, the facility occupies 1.81 acres at 4021 Thomas Avenue N in Minneapolis. Its combination of instructional, administrative, food-service, assembly, and recreational spaces provides a substantial existing layout for an educational or other specialty institutional use.

Key Highlights

  • 28 offices and 34 classrooms
  • Commercial kitchen, gymnasium, and dining hall
  • Three‑story building with elevator and air conditioning

Property Analytics

Current Use

Schools

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Building Supply Kitchen & Bath Showroom HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

28
Office units

Location Intelligence

Trade Area within ½ mile

295
Businesses Nearby

Demographics for 55412, MN

23,800
Population
9,676
Households
2.5
Avg Household Size
33
Median Age
28%
College-Educated
85%
High-School Grad
3.4 sq mi
ZIP Area
7,000
Density / Sq Mi
$71,905
Median Household Income
$42,494
Median Earnings
$1,340
Median Rent
$226,400
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
School - Specialty educational facility with offices, classrooms, assembly areas, commercial kitchen, gymnasium, elevator, and accessible ramp.
Where is this school located?
The property is located at 4021 Thomas Avenue N Minneapolis, MN.
What is the asking price?
The asking price for this property is $4,399,000.
What are key features of this property?
This property features: 28 offices and 34 classrooms; Commercial kitchen, gymnasium, and dining hall; Three‑story building with elevator and air conditioning
More about this property
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